Log in Subscribe Front Page Current Issue Real Briefs Recent Trades Subscribe/Renew Events Advertise Contact Us
Fri, Mar 29
A Compendium of Property & Capital News
Fri
Mar 29

Fantini & Gorga Arranges $1.5M for 12 Unit Acquisition in Abington

March 19, 2018 - By The Real Reporter
387 Adams Street. Abington MA

ABINGTON–-Fantini & Gorga provided $1,460,000 for a multifamily property purchase in Abington. The Apartment complex is located at 387 Adams Street. Derek Coulombe, Managing Director, led the finance team along with Jon Garcia, Analyst, in the arrangement. “We were delighted to deliver attractive financing at a lower than expected interest rate, while also meeting the borrower’s tight closing schedule” stated Coulombe. “The combination of working with an aggressive agency lender and having a short window to fund the acquisition made this an exciting transaction, he adds.”

The 12-unit apartment building situated along Adams Street is made up of one and two-bedroom units, and features ample off-street parking for residents, and has strong occupancy history. 387 Adams is well located nearby to both local and regional highways, as well as the Abington MBTA Commuter Rail station that provides service to and from downtown Boston.